Browsing: profits

EU clearinghouse Euroclear accrued €1.6 billion ($1.7 billion) in interest from frozen Russian assets in just three months of this year, its CEO Valerie Urbain has revealed. She warned however, that tapping the funds would have a severe impact on global financial markets.   

The current year could prove even more profitable for Russian banks than record-breaking 2023, Central Bank Deputy Governor Olga Polyakova said at a conference on Tuesday.

Turkey’s flag carrier Turkish Airlines increased operating profits almost 24 percent year-on-year in 2023, the company said in a statement Wednesday.